Property Overview: 55 Higham Bay, Winnipeg
Key Characteristics & Appeal
This 2007-built home in River Park South presents a compelling mix of modern convenience and established neighbourhood living. At 1,292 sqft, its living space is modest compared to larger homes on its own street but aligns closely with the averages for both the neighbourhood and the wider city. Its standout characteristic is its age; it is one of the newest homes on Higham Bay, offering the benefits of more contemporary construction standards and likely requiring less immediate major maintenance than older stock.
The appeal lies in its balance. The assessed value of $469k is above the Winnipeg average, suggesting a solid perceived worth in the broader market, yet it sits below the average for its immediate street. This creates a potential opportunity for a buyer to enter a desirable street where surrounding properties hold higher value. The lot size of 4,827 sqft is typical for the area, offering adequate outdoor space without the burden of extensive upkeep.
This property would suit first-time buyers or downsizers seeking a relatively modern, move-in-ready home in a mature southeast Winnipeg suburb. It’s also a practical choice for value-conscious buyers who prioritize a newer build in a good location over maximum square footage. A thoughtful perspective is that while the home is smaller than its neighbours, this can translate to lower utility costs and a more manageable layout for everyday living.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
While its living area is below the average for Higham Bay specifically, it is very close to the average size for both the River Park South neighbourhood and the City of Winnipeg as a whole.
2. The assessed value seems high for the street. What does that indicate?
The assessment is above the city average but below the street average. This often reflects the home’s newer construction year (2007), which is a positive factor in valuation, while its smaller size likely keeps it valued lower than the largest homes on the block.
3. Is this a good value for the area?
Based on the provided data, the home sold within the $500k-$550k range in 2024, which placed it in the top 11% for sale prices in River Park South. This suggests the market confirmed it as a premium offering for the neighbourhood, likely due to its modern build year.
4. What are the benefits of a 2007-built home?
Homes from this era typically feature modern wiring, plumbing, insulation standards, and building materials, which can mean greater energy efficiency and fewer concerns about outdated systems compared to much older homes.
5. Where can I find the exact sold price?
The exact sale price is not publicly displayed due to data source restrictions. You can request the precise figure by emailing the site directly for a manual lookup, which they provide without using your contact information for marketing.